Chart of the Day: High-end rent getting cheaper?
Tracking by Savills revealed rents of high-end non-landed residential properties fell for four consecutive months.
Savills Research reported:
The rents of high-end non-landed residential properties tracked by Savills showed a four-month consecutive fall.
The average monthly rent dipped to S$5.03 per sq ft per month in Q2/2012, sliding 3% QoQ. On a YoY basis, prime rents fell by 8% from S$5.46 per sq ft per month in Q2/2011.